Collaboration Accelerates Development of New Internet of
Everything Services

December 04, 2014 04:55 PM Eastern Standard Time

SUNNYVALE, Calif.--(BUSINESS WIRE)--Silicon
Image(NASDAQ: SIMG), a leading provider of multimedia
connectivity solutions and services, announced that Qualcomm
Technologies, Inc. has made a $7 million strategic investment in Silicon
Image’s new subsidiary, Qterics, for a 7% ownership interest.

Qterics will be focused on enabling a wide variety of solutions and
services for Internet-enabled consumer products including TVs, mobile
handsets, tablets, routers, home automation devices, white goods and
more. Qterics is comprised of the UpdateLogic services business combined
with other related Silicon Image assets, including software and other
intellectual property (IP). Current UpdateLogic General Manager, Kurt
Thielen, will assume the role of President of Qterics.

“Qualcomm is committed to enabling technologies that support our
‘Internet of Everything’ initiatives. Our strategic investment in
Qterics further promotes IoE advancements, including the development of
solutions utilizing the AllJoyn open source software framework of the
AllSeen Alliance for a truly interoperable Internet of Everything,” said
Michael Wallace, SVP and General Manager, Qualcomm Internet Services.

In addition to the investment, Qualcomm and Silicon Image will explore
opportunities to collaborate on promoting the AllJoyn open source
software framework and developing new Internet of Everything (IoE)
services.

“Qterics provides a unique offering for ‘Internet of Everything’ devices
that has been largely overlooked by other players in the IoE space,”
said Camillo Martino, chief executive officer of Silicon Image, Inc. “As
the Internet of Everything grows, the task of providing device
management services to these connected devices in a secure manner
becomes exponentially more difficult. Qterics solves these challenges in
a very elegant way by leveraging its highly scalable worldwide computing
resources in the cloud.”

The vast expansion of Internet-enabled devices enables new applications
and services, but only if the devices can be properly managed.
UpdateLogic (now Qterics) is a leading provider of device management and
remote access services already deployed in tens of millions of consumer
electronics devices such as TVs, set-top-boxes, and tablets – which form
a significant part of the Internet of Everything today.

About Qterics, Inc.

Qterics is a leader in device management solutions for Internet-enabled
devices. The Qterics NetReady™ service platform enables device
manufacturers and service providers to offer a superior customer
experience through its secure and robust global device management
system. OEMs and third party service providers can offer their customers
a satisfying, virtual hands-on support experience for Internet-enabled
devices such as TVs, mobile phones, tablets, Internet routers, home
automation, gaming systems and the growing ecosystem of “Smart” devices
and appliances. Qterics services are used by many leading CE
manufacturers and have shipped on tens of millions of units worldwide.
For more information, visit http://www.qterics.com/.

About Silicon Image, Inc.

Silicon Image (NASDAQ: SIMG) is a leading provider of multimedia
connectivity solutions and services for mobile, consumer electronics and
PC markets. Silicon Image’s semiconductor and intellectual property
products feature wireless and wired technologies that deliver
connectivity across a wide array of devices in the home, office and on
the go. Silicon Image has driven the creation of the industry standards
HDMI®, DVI™, MHL® and WirelessHD®, and offers manufacturers
comprehensive standards interoperability and compliance testing services
via its wholly-owned subsidiary, Simplay Labs. For more information,
visit http://www.siliconimage.com/.

Forward-looking Statements

This news release contains forward-looking statements within the meaning
of federal securities laws and regulations, including, but not limited
to, statements regarding the growth in the IoE and the related
technology ecosystem, the enabling applications and services and in the
demand for device management and remote access services and statements
regarding the availability, performance, functionality, features,
benefits and applications of Qterics’ technology, products and services.
These forward-looking statements involve risks and uncertainties,
including the risk that the foregoing markets will not grow as
anticipated, the risk that Qterics’ technology, products and services
will not perform as anticipated or provide the functionality, features
and benefits described in this news release, as well as the risks and
uncertainties described from time to time in Silicon Image's filings
with the Securities and Exchange Commission (SEC), which could cause the
actual results to differ materially from those anticipated by these
forward-looking statements. Silicon Image assumes no obligation to
update any forward-looking statement.

Silicon Image and the Silicon Image logo are trademarks, registered
trademarks or service marks of Silicon Image, Inc. in the United States
and/or other countries.All other trademarks and registered
trademarks are the property of their respective owners in the United
States and/or other countries.